Euro Area Policies: 2024 Annual Consultation-Press Release; Staff Report; and Statement by the Executive Director for Member Countries
Electronic Access:
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Summary:
The euro area economy has been resilient in the face of multiple, large shocks, including the pandemic, Russia’s gas shut-off, and fallout from the war in Ukraine. Nonetheless, the adverse shocks have had persistent effects which shape economic prospects. Energy-intensive industries, in particular, have struggled to adjust to higher input costs and continue to underperform. Despite subdued overall activity, employment growth remains robust. Inflation has declined significantly from its late-2022 peak in response to the ECB’s policy tightening and the decline in commodity prices.
Series:
Country Report No. 2024/248
Frequency:
regular
English
Publication Date:
July 30, 2024
ISBN/ISSN:
9798400283574/1934-7685
Stock No:
1EUREA2024001
Format:
Paper
Pages:
100
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